Results of activity of Industrial Bank Kazakhstan JSC (Kazakhstan) for 9 months of 2004

/IRBIS, Galina Tsalyuk, November 16, 04/ - Industrial Bank Kazakhstan JSC (Shymkent), whose common shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statement for the 9 months of 2004. The following indicators are results of the bank's financial and economic activity for 9 months of 2004, based upon the bank's information (in th. KZT): ---------------------------------------------------------------------- As of As of Indicator Oct. 1, 03 Oct. 1, 04 Change,% ------------------------------------ ---------- ---------- -------- Authorized capital (paid-up) 1,000,000 1,000,000 0.0 Shareholders' equity (balance sheet) 1,230,540 1,152,240 -6.4 Total assets 1,944,987 2,362,604 +21.5 Liquid assets 131,452 307,365 +133.8 Loan portfolio (net) 1,684,509 1,856,589 +10.2 Total liabilities 714,447 1,210,364 +69.4 Accounts and deposits 615,831 1,112,455 +80.6 Attracted loans 87,005 19,240 -77.9 Total revenues 408,241 272,638 -33.2 Total expenses 239,840 205,517 -14.3 Net income for the period 168,401 67,121 -60.1 Book value of a share, KZT 1,230.54 1,152.24 -6.4 ---------------------------------------------------------------------- Relative to 9 months of 2003 there are following changes: - shareholders' equity of the bank (according to balance sheet) fell by KZT78.3 m. as the result of decrease of total amount of net profit by the same figure; - assets increased by KZT417.6 m., including: net volume of loan portfolio - by KZT172.1 m., amounts at correspondent accounts and investments in other banks - by KZT142.2 m., cash - by KZT33.5 m. and other assets - by KZT69.6 m.; - liabilities increased by KZT495.9 m., what was caused by growth of rests on deposit and other accounts by KZT496.6 m. and other liabilities - by KZT67.0 m. while volume of attracted loans decreased by KZT67.8 m. - bank revenues fell by KZT135.6 m.; - expenses decreased by KZT34.3 m. Net income, which Industrial Bank Kazakhstan JSC earned during 9 months of 2004 is decreased in comparison with its net income of similar period of 2003 by KZT101.3 m. [2004-11-16]